4th Quarter 2025 Douglas County
In the fourth quarter of 2025, Douglas County’s commercial real estate market continued to show varied conditions across its major property sectors. Retail and industrial maintained relatively low vacancy, while multi-family vacancy increased and office conditions showed modest improvement. NavPoint Real Estate Group’s latest market update highlights the shifting dynamics across the county heading into 2026.
Multi-Family Market:
The multi-family sector reported an average lease rate of $2.10 per square foot and a vacancy rate of 12.3%. Lease rates increased slightly from $2.08 per square foot in the third quarter, while vacancy rose from 10.4%, indicating increased availability across the market.
Retail Market:
Retail remained one of Douglas County’s strongest-performing sectors, with an average lease rate of $30.51 per square foot and a low vacancy rate of just 2.1%. Vacancy improved slightly from 2.2% in the previous quarter, reflecting continued demand for well-located retail space throughout the county.
Office Market:
Office properties recorded an average lease rate of $29.12 per square foot, with vacancy declining from 15.0% in the third quarter to 14.3%. While availability remains elevated, the quarter-over-quarter improvement suggests gradual absorption within the Douglas County office market.
Industrial Market:
The industrial sector reported an average lease rate of $14.52 per square foot and a vacancy rate of 5.4%. Vacancy increased from 4.6% in the third quarter, while lease rates continued to moderate, creating additional options for industrial and flex users seeking space in the county.
Overall, Douglas County closed out 2025 with continued strength in the retail sector and relatively healthy fundamentals in industrial, despite a modest increase in available space. The office market showed signs of improving occupancy, while rising multi-family vacancy points to a more competitive environment for property owners. These fourth-quarter trends reflect an evolving market as Douglas County continues to grow and attract businesses, residents and investment activity.
Read more at: https://navpointre.com
